Market Data
Results of negotiated sales: 08/15/2025

CALIFORNIA

Manhattan Beach (City)

Aug 13, 2025 $15,770,000

Certificates of Participation Series 2025A (C) (book entry) $12,495,000.

Dated Aug 27, 2025.

Due Jul 1, 2028 to 2055.

First coupon Jan 1, 2026.

2028-2055 Callable Jan 1, 2028 at par.

Purchased through negotiation by BofA Securities, as follows:


Certificates of Participation Series 2025B (C) (book entry) $3,275,000.

Dated Aug 27, 2025.

Due Jul 1, 2027 to 2032.

First coupon Jan 1, 2027.

Non-callable.

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: KNN Public Finance, Los Angeles, CA.


Corona-Norco Unified School District

Aug 13, 2025 $53,540,000

2025 General Obligation Refunding Bonds (G) (book entry)

Dated Sep 4, 2025.

Due Aug 1, 2026 to 2044.

First coupon Feb 1, 2026.

2036-2044 Callable Aug 1, 2035 at par.

Purchased through negotiation by BofA Securities, Piper Sandler & Co, as follows:

L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


California Statewide Communities Development Authority

Jul 30, 2025 $740,000,000

Revenue Bonds, Series A (Kaiser Foundation Hospitals) (R) (book entry) $338,200,000.

Dated Aug 6, 2025.

Due Oct 1, 2028 to 2032.

First coupon Oct 1, 2025.

Non-callable.

Privately placed by Goldman, Sachs & Co., as follows:


Revenue Bonds, Series B (Kaiser Foundation Hospitals) (R) (book entry) $401,800,000.

Dated Aug 6, 2025.

Due Oct 1, 2030 to 2035.

First coupon Oct 1, 2025.

Non-callable.

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.


COLORADO

Berthoud (Town)

Aug 14, 2025 $5,655,000

Wastewater Revenue Refunding Bonds, Series 2025 (R) (bank qualified) (book entry)

Dated Sep 11, 2025.

Due Oct 15, 2025 to 2032.

First coupon Oct 15, 2025.

Non-callable.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Kutak Rock, Denver, CO.


Pinnacle Farms Metropolitan District No. 1

Aug 13, 2025 $14,696,000

Limited Tax General Obligation Bonds, Series 2025A (L) (book entry) $12,645,000.

Dated Aug 20, 2025. Interest accrues Aug 20, 2025.

Due Dec 1, 2032 to 2055.

First coupon Dec 1, 2025.

2032-2055 Callable Sep 1, 2030 at 103.000%, declining to par Sep 1, 2030.

Purchased through negotiation by D.A. Davidson & Co., as follows:


Subordinate Limited Tax General Obligation Bonds, Series 2025B (L) (book entry) $2,051,000.

Dated Aug 20, 2025. Interest accrues Aug 20, 2025.

Due Dec 15, 2055.

First coupon Dec 15, 2025.

2055-2055 Callable Sep 1, 2030 at 103.000%, declining to par Sep 1, 2030.

L.O.: Kline Alvarado Veio, P.C., Denver, CO.


CONNECTICUT

Connecticut Housing Finance Authority

Aug 13, 2025 $26,760,000

Housing Revenue Bonds, Series 2025 C (Fannie Mae MBS-Secured) (Augustus Manor Project) (R) (book entry)

Dated Aug 19, 2025.

Due Apr 1, 2026 to Oct 1, 2041.

First coupon Apr 1, 2026.

Non-callable.

Purchased through negotiation by Jefferies LLC, Janney Montgomery Scott LLC, Roosevelt & Cross, Inc., as follows:

L.O.: Kutak Rock, Atlanta, GA.


FLORIDA

Windward Preserve Community Development District

Aug 13, 2025 $3,570,000

Capital Improvement Revenue Bonds, Series 2025 (Series 2025 Project Area) (R) (book entry)

Dated Aug 27, 2025.

Due May 1, 2027 to 2056.

First coupon Nov 1, 2025.

2036-2056 Callable Nov 1, 2035 at par.

Purchased through negotiation by FMSbonds, Inc., as follows:

L.O.: Nabors, Giblin & Nickerson, Tampa, FL.


IOWA

George (City)

Aug 13, 2025 $2,500,000

General Obligation Corporate Purpose Bonds, Series 2025 (G) (bank qualified) (book entry)

Dated Aug 28, 2025. Interest accrues Aug 28, 2025.

Due Jun 1, 2026 to 2045.

First coupon Jun 1, 2026.

2034-2045 Callable Jun 1, 2033 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Dorsey & Whitney, Des Moines, IA.


Iowa Student Loan Liquidity Corporation

Aug 14, 2025 $166,410,000

Student Loan Revenue Bonds, Senior Series 2025B (R) (book entry) (AMT) $66,410,000.

Dated Aug 28, 2025.

Due Dec 1, 2030 to 2045.

First coupon Dec 1, 2025.

2045-2045 Callable Dec 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.


MONTANA

Moore School District No. 44

Aug 13, 2025 $6,200,000

General Obligation School Building Bonds, Series 2025 (O) (bank qualified) (book entry)

Dated Aug 28, 2025. Interest accrues Aug 28, 2025.

Due Jul 1, 2026 to 2040.

First coupon Jan 1, 2026.

2033-2040 Callable Jan 1, 2033 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Dorsey & Whitney, Missoula, MT.


Moore High School District No. 44

Aug 13, 2025 $6,200,000

General Obligation School Building Bonds, Series 2025 (O) (bank qualified) (book entry)

Dated Aug 28, 2025. Interest accrues Aug 8, 2025.

Due Jul 1, 2026 to 2040.

First coupon Jan 1, 2026.

2033-2040 Callable Jan 1, 2033 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Dorsey & Whitney, Malta, MT.


NORTH CAROLINA

Mooresville (Town)

Aug 13, 2025 $15,230,000

Limited Obligation Bonds, Series 2025A (R) (book entry) $3,750,000.

Dated Aug 28, 2025.

Due Oct 1, 2041 to 2045.

First coupon Apr 1, 2026.

2041-2045 Callable Oct 1, 2035 at par.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Charlotte, NC.

F.A.: First Tryon Advisors, Charlotte, NC.


NEBRASKA

Dawson Public Power District

Aug 14, 2025 $9,050,000

Electric System Revenue Bonds, Series 2025 (R) (bank qualified) (book entry)

Dated Sep 4, 2025. Interest accrues Sep 4, 2025.

Due Jun 15, 2026 to 2045.

First coupon Dec 15, 2025.

2031-2045 Callable Sep 4, 2030 at par.

Purchased through negotiation by Northland Securities, Inc., as follows:

L.O.: Baird, Holm, LLP, Omaha, NE.


Sanitary and Improvement District No. 614 of Douglas County (Majestic Pointe East)

Aug 14, 2025 $2,400,000

General Obligation Bonds, Series 2025 (G) (bank qualified) (book entry)

Dated Aug 21, 2025.

Due Aug 15, 2030 to 2045.

First coupon Feb 15, 2026.

2031-2045 Callable Aug 15, 2030 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Kutak Rock, Omaha, NE.

F.A.: Bluestem Capital Partners, Elkhorn, NE.


NEW HAMPSHIRE

National Finance Authority

Aug 13, 2025 $123,800,000

Education Revenue Bonds, Series 2025 (Grace Christian School Project) (R) (book entry)

Dated Aug 20, 2025.

Due Aug 1, 2035 to 2065.

First coupon Feb 1, 2026.

2036-2065 Callable Aug 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Charlotte, NC.

F.A.: Granite Municipal Advisors, LLC.


NEW YORK

Albany County Capital Resource Corporation

Aug 13, 2025 $38,705,000

Lease Revenue Bonds, Series 2025 (Albany Convention Center Authority Project) (R) (book entry)

Dated Aug 20, 2025. Interest accrues Aug 20, 2025.

Due Mar 1, 2028 to 2057.

First coupon Mar 1, 2026.

2035-2057 Callable Mar 1, 2034 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Hodgson, Russ LLP, Albany, NY.


Port Authority of New York and New Jersey

Aug 13, 2025 $1,134,555,000

Consolidated Bonds, Series 249 (R) (book entry) (AMT) $172,460,000.

Dated Aug 21, 2025.

Due Oct 15, 2026 to 2035.

First coupon Apr 15, 2026.

Non-callable.

Purchased through negotiation by Ramirez & Co., Inc., BofA Securities, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc., Siebert Williams Shank & Co., L.L.C, Blaylock Van, LLC, Jefferies LLC, Loop Capital Markets, LLC, Wells Fargo Corporate & Investment Banking, as follows:


Consolidated Bonds, Series 250 (R) (book entry) $962,095,000.

Dated Aug 21, 2025.

Due Oct 15, 2026 to 2055.

First coupon Apr 15, 2026.

2036-2055 Callable Oct 15, 2035 at par.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.


OHIO

Trenton (City)

Aug 14, 2025 $32,000,000

Building Improvement Special Obligation Income Tax Revenue Bonds, Series 2025 (R) (book entry)

Dated Aug 28, 2025. Interest accrues Aug 28, 2025.

Due Dec 1, 2028 to 2054.

First coupon Dec 1, 2025.

2033-2054 Callable Jun 1, 2033 at par.

Purchased through negotiation by Huntington Securities, Inc., as follows:

L.O.: Dinsmore & Shohl LLP, Cincinnati, OH.

F.A.: Bradley Payne LLC, Circleville, OH.


Board of Education of the Bellbrook-Sugarcreek Local School District

Aug 13, 2025 $14,890,000

School Improvement General Obligation Refunding Bonds, Series 2025 (G) (book entry)

Dated Sep 4, 2025.

Due Dec 1, 2026 to 2031.

First coupon Dec 1, 2025.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Dinsmore & Shohl LLP, Cincinnati, OH.


Delaware County Finance Authority

Aug 13, 2025 $1,370,000

TIF Development Revenue Bonds (DCFA Bond Fund) Series 2025B (M20 Realty Public Infrastructure Project) (R) (book entry)

Dated Aug 27, 2025. Interest accrues Aug 27, 2025.

Due Jun 1, 2028 to Dec 1, 2037.

First coupon Dec 1, 2025.

2036-2037 Callable Dec 1, 2035 at par.

Purchased through negotiation by Huntington Securities, Inc., as follows:

L.O.: Taft, Stettinius & Hollister LLP, Cincinnati, OH.

F.A.: Bradley Payne Advisors, Cincinnati, OH.


OKLAHOMA

Tulsa Authority Economic Opportunity

Aug 12, 2025 $6,165,000

Tax Apportionment Revenue Bonds, Series 2025 (222 N. Detroit Project) (R) (book entry)

Dated Aug 14, 2025.

Due Dec 1, 2035 to 2045.

First coupon Dec 1, 2025.

Non-callable.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.


OREGON

Mount Hood Community College District

Aug 14, 2025 $136,445,000

General Obligation Bonds, Series 2025 (Oregon School Bond Guaranty Act) (L) (book entry)

Dated Aug 27, 2025.

Due Jun 15, 2026 to 2045.

First coupon Dec 15, 2025.

2036-2045 Callable Jun 15, 2035 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Hawkins, Delafield & Wood, Portland, OR.


PENNSYLVANIA

Delaware River Port Authority

Aug 13, 2025 $219,015,000

Revenue Refunding Bonds, Series of 2025 (R) (book entry)

Dated Aug 27, 2025.

Due Jan 1, 2035 to 2040.

First coupon Jan 1, 2026.

2036-2040 Callable Jan 1, 2035 at par.

Purchased through negotiation by Raymond James & Associates, Inc., RBC Capital Markets, BofA Securities, Siebert Williams Shank & Co., L.L.C, as follows:

L.O.: Parker, McCay, P.A., Mount Laurel, NJ; and Stradley, Ronon, Stevens & Young, LLP, Malvern, PA.

F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ; and PFM Financial Advisors LLC, Philadelphia, PA.


SOUTH CAROLINA

South Carolina Jobs-Economic Development Authority

Aug 13, 2025 $30,000,000

Educational Facilities Lease Revenue Bonds, Series 2025 (R.D. Anderson Applied Technology Center Project), (R) (book entry)

Dated Aug 28, 2025.

Due Apr 1, 2026 to 2055.

First coupon Apr 1, 2026.

2036-2055 Callable Apr 1, 2035 at par.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Columbia, SC.

F.A.: First Tryon Advisors, Charlotte, NC.


SOUTH DAKOTA

South Dakota Health and Educational Facilities Authority

Aug 13, 2025 $408,475,000

Revenue Bonds, Series 2025B (Sanford) (R) (book entry) $137,810,000.

Dated Aug 21, 2025.

Due Nov 1, 2026 to 2040.

First coupon May 1, 2026.

2036-2040 Callable Nov 1, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, Piper Sandler & Co, as follows:


Revenue Bonds, Series 2025C-1 (Sanford) (Mandatory Put Date: 11/01/2029) (R) (book entry) $100,925,000.

Dated Aug 21, 2025.

Due Nov 1, 2051 to 2052.

First coupon May 1, 2026.

2051-2052 Callable Nov 1, 2028 at 101.956%, declining to par Nov 1, 2028.


Revenue Bonds, Series 2025C-2 (Sanford) (Mandatory Put Date: 11/01/2032) (R) (book entry) $169,740,000.

Dated Aug 21, 2025.

Due Nov 1, 2045 to 2051.

First coupon May 1, 2026.

2045-2051 Callable Nov 1, 2031 at 101.393%, declining to par Nov 1, 2031.

L.O.: Chapman and Cutler LLP, Chicago, IL.

F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.


TEXAS

New Hope Cultural Education Facilities Finance Corporation

Aug 14, 2025 $600,000,000

Hospital Revenue Bonds, Series 2025A (Children's Health System of Texas) (R) (book entry)

Dated Sep 4, 2025.

Due Aug 15, 2033 to 2052.

First coupon Feb 15, 2026.

2036-2052 Callable Aug 15, 2035 at par.

Purchased through negotiation by Goldman, Sachs & Co., J.P. Morgan Securities LLC, as follows:

L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.

F.A.: Echo Financial Products, LLC, Wayne, PA.


Fort Bend County

Aug 13, 2025 $257,035,000

Road and Refunding Bonds, Series 2025 (G) (book entry) $96,210,000.

Dated Aug 1, 2025. Interest accrues Aug 28, 2025.

Due Mar 1, 2026 to 2045.

First coupon Mar 1, 2026.

2036-2045 Callable Mar 1, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, Estrada Hinojosa & Company, Inc., Hilltop Securities Inc., Ramirez & Co., Inc., San Blas Securities LLC, as follows:


Limited Tax Refunding Bonds, Series 2025 (L) (book entry) $38,265,000.

Dated Aug 1, 2025. Interest accrues Aug 28, 2025.

Due Mar 1, 2027 to 2031.

First coupon Mar 1, 2026.

Non-callable.


Limited Tax Bonds, Series 2025 (L) (book entry) $28,315,000.

Dated Aug 1, 2025. Interest accrues Aug 28, 2025.

Due Mar 1, 2026 to 2045.

First coupon Mar 1, 2026.

2036-2045 Callable Mar 1, 2035 at par.


Certificate of Obligation, Series 2025 (R) (book entry) $94,245,000.

Dated Aug 1, 2025. Interest accrues Aug 28, 2025.

Due Mar 1, 2026 to 2045.

First coupon Mar 1, 2026.

2036-2045 Callable Mar 1, 2035 at par.

L.O.: Hunton Andrews Kurth LLP, Houston, TX; and State Attorney General.

F.A.: PFM Financial Advisors LLC, Austin, TX; and Knight & Day Group, LLC,, Houston, TX.


Kemp Independent School District

Aug 13, 2025 $24,885,000

School Building Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Aug 15, 2025. Interest accrues Aug 28, 2025.

Due Feb 15, 2026 to 2056.

First coupon Aug 29, 2025.

2036-2056 Callable Feb 15, 2035 at par.

Purchased through negotiation by SAMCO Capital Markets, Oppenheimer & Co., Inc., The Baker Group, as follows:

L.O.: Frost Brown Todd LLP, Houston, TX; Powell Law Group, LLP, Austin, TX; and State Attorney General.

F.A.: D.A. Davidson & Co., Plano, TX.


Texas Department of Housing and Community Affairs

Aug 13, 2025 $250,000,000

Residential Mortgage Revenue and Refunding Bonds, Series 2025D (R) (book entry)

Dated Sep 17, 2025.

Due Jan 1, 2027 to 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jul 1, 2033 at par.

Purchased through negotiation by Jefferies LLC, Morgan Stanley & Co., Inc., RBC Capital Markets, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Piper Sandler & Co, Ramirez & Co., Inc., Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Bracewell LLP, Dallas, TX; and State Attorney General.

F.A.: CSG Advisors Inc., Atlanta, GA.


Terrell (City)

Aug 14, 2025 $11,950,000

General Obligation Refunding Bonds, Series 2025A (L) (book entry) $8,355,000.

Dated Aug 15, 2025. Interest accrues Sep 10, 2025.

Due Feb 15, 2026 to 2034.

First coupon Feb 15, 2026.

Non-callable.

Purchased through negotiation by Raymond James & Associates, Inc., Cabrera Capital Markets, LLC, as follows:

L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.


UTAH

Millcreek Community Reinvestment Agency

Aug 13, 2025 $25,000,000

Sales Tax and Tax Increment Revenue Bonds, Series 2025A (R) (book entry) $21,075,000.

Dated Aug 28, 2025.

Due Jun 1, 2036 to 2055.

First coupon Dec 1, 2025.

2036-2055 Callable Jun 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Gilmore & Bell, Salt Lake City, UT.

F.A.: LRB Public Finance Advisors, Inc., Salt Lake, UT.


VIRGINIA

Virginia Port Authority

Aug 13, 2025 $248,745,000

Port Faciliites Revenue Bonds, Series 2025 (R) (book entry)

Dated Aug 26, 2025.

Due Jul 1, 2026 to 2055.

First coupon Jan 1, 2026.

2036-2055 Callable Jul 1, 2035 at par.

Purchased through negotiation by BofA Securities, Raymond James & Associates, Inc., J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Siebert Williams Shank & Co., L.L.C, as follows:

L.O.: McGuireWoods LLP, Richmond, VA.

F.A.: PFM Financial Advisors LLC, Arlington, VA.


VERMONT

Vermont Educational and Health Buildings Financing Agency

Aug 13, 2025 $23,570,000

Revenue Bonds, Series 2025 (Middlebury College Project) (R) (book entry)

Dated Aug 27, 2025.

Due Nov 1, 2035 to 2040.

First coupon Nov 1, 2025.

2035-2040 Callable Nov 1, 2033 at par.

Purchased through negotiation by Goldman, Sachs & Co., as follows:

L.O.: Norton Rose Fulbright US LLP, New York, NY.

F.A.: PFM Financial Advisors LLC, Boston, MA.


TAXABLE ISSUES


IOWA

Iowa Student Loan Liquidity Corporation

Aug 14, 2025 $166,410,000

Student Loan Revenue Bonds, Senior Series 2025A (R) (book entry) (Taxable) $100,000,000.

Dated Aug 28, 2025.

Due Dec 1, 2030 to 2045.

First coupon Dec 1, 2025.

2045-2045 Callable Dec 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.


MARYLAND

Maryland Stadium Authority

Aug 13, 2025 $198,060,000

Revenue Bonds, Series 2025B (Baseball Stadium Issue) (R) (book entry) (Taxable) $187,690,000.

Dated Aug 27, 2025. Interest accrues Aug 27, 2025.

Due Jun 15, 2027 to Dec 15, 2038.

First coupon Dec 15, 2025.

Non-callable.

Purchased through negotiation by Raymond James & Associates, Inc., BofA Securities, Siebert Williams Shank & Co., L.L.C, as follows:


Revenue Bonds, Series 2025C (Baseball Stadium Issue) (R) (book entry) (Taxable) $10,370,000.

Dated Aug 27, 2025. Interest accrues Aug 27, 2025.

Due Jun 15, 2027.

First coupon Dec 15, 2025.

Non-callable.

L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.

F.A.: Public Resources Advisory Group, Media, PA.


NORTH CAROLINA

Mooresville (Town)

Aug 13, 2025 $15,230,000

Limited Obligation Bonds, Series 2025B (R) (book entry) (Taxable) $11,480,000.

Dated Aug 28, 2025.

Due Oct 1, 2026 to 2041.

First coupon Apr 1, 2026.

2036-2041 Callable Oct 1, 2035 at par.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Charlotte, NC.

F.A.: First Tryon Advisors, Charlotte, NC.


TEXAS

Cleburne Independent School District

Aug 13, 2025 $14,210,378

Refunding Capital Appreciation Bonds, Series 2025 (G) (book entry) (Taxable)

Dated Aug 15, 2025. Interest accrues Aug 28, 2025.

Due Feb 15, 2026.

Non-callable.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.


Terrell (City)

Aug 14, 2025 $11,950,000

General Obligation Refunding Bonds, Series 2025B (L) (book entry) (Taxable) $3,595,000.

Dated Aug 15, 2025. Interest accrues Sep 10, 2025.

Due Feb 15, 2026 to 2041.

First coupon Feb 15, 2026.

2036-2041 Callable Feb 15, 2035 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Cabrera Capital Markets, LLC, as follows:

L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.


UTAH

Millcreek Community Reinvestment Agency

Aug 13, 2025 $25,000,000

Sales Tax and Tax Increment Revenue Bonds, Series 2025B (R) (book entry) (Taxable) $3,925,000.

Dated Aug 28, 2025.

Due Jun 1, 2030 to 2036.

First coupon Dec 1, 2025.

2036-2036 Callable Jun 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Gilmore & Bell, Salt Lake City, UT.

F.A.: LRB Public Finance Advisors, Inc., Salt Lake, UT.